TOP NEWS UPDATES

China continues increasing investments in Liaoning Province bordering N Korea

Beijing [China]: China has increased its investment near its borders with North Korea by investing in the Liaoning Province.China’s Liaoning Province will spend more than half a million dollars on a bridge into North Korea over the coming months to install “anti-terror monitoring points,” overhaul electrical systems and conduct daily maintenance, government documents show, despite the bridge going unused for years, according to NK news, ab independent, privately owned specialist information sources that focus on North Korea. Further, the new investments in the New Yalu River Bridge, which connects China’s Dandong to the North Korean city of Sinuij is aimed to improve border security, according to the Chinese announcement.“I think the Chinese government has been very consistent about their willingness to invest in connectivity with North Korea,” Go Myong-hyun of the Asan Institute for Policy Studies.“It could be part of China’s long-term policy to…

Business Economy

UP invites investments in defence corridor at EXPO2020

Dubai [UAE]: The largest state of India, Uttar Pradesh is developing defence corridor to create a manufacturing ecosystem that will not only support the domestic defence enterprises but will also develop products for exports.The defence corridor policy is one of the major policies of the state government that is on display in the India Pavilion at EXPO2020 Dubai during the ongoing ‘State Week’, which was inaugurated by Chief Minister Yogi Adityanath on Friday. Outlining the business-friendly initiatives associated with the state’s Defence Corridor policy, Dr Muthukumarasamy B, Special Secretary, Infrastructure & Industrial Development Department, Government of Uttar Pradesh said, “We are developing six nodes – Aligarh, Agra, Jhansi, Chitrakoot, Kanpur and Lucknow under Defence Corridor. We have strong ancillary base to support the needs of defence manufacturing and ensuring continuous supply of raw materials, labour and other needs of the industry.”“The state has existing…

Politics State's Latest TOP NEWS UPDATES

Telangana quite successful in attracting investment from US, Europe: KTR

Hyderabad (Telangana) [India]: In the last seven and a half years, Telangana has been extremely successful in attracting lots of investments from the United States and Europe as well, said IT and Industries Minister KT Rama Rao on Tuesday. KT Rama Rao addressed the industry leaders at the German Investors’ Summit held at Taj Krishna in Hyderabad on Tuesday. Walter J Lindner, German Ambassador to India, German counsel general Karin Still, Stefan Halusa, Cyient Founder and executive Chairman, executive chairman BVR Mohan Reddy and Principal Secretary Jayesh Ranjan participated in the Summit.In the presence of Minister KT Rama Rao and Walter J. Lindner, German Ambassador to India, Government Of Telangana and LiteAuto GmbH signed an MoU. According to the MoU, Liteauto GmbH will invest Rs. 1,500 crore in Telangana to establish an advanced design & manufacturing facility. Rama Rao, while talking to ANI, stated…

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Netherlands pledges to halt investments in coal, gas, oil abroad by late 2022

Moscow [Russia]: The Netherlands will abandon investments in coal, oil, and gas abroad by the end of the next year, Tom de Bruijn, Dutch Minister for Foreign Trade and Development Cooperation, said on Monday.“Together with the UK, the Netherlands has signed the declaration on stopping government investments in coal, oil, and gas in foreign countries, by the end of 2022,” de Bruijn tweeted, adding that the measure was announced at the 26th UN Climate Change Conference of the Parties The initiative was announced as part of joint action on climate change on November 4 and supported by 26 signatories, including the UK, the US, Canada, Sweden, Switzerland, Italy, among others.The summit gathering world leaders, senior officials, experts, and activists to discuss solutions to global issues linked to climate change is held in Glasgow from October 31-November 12. The participants are expected to negotiate several…

Business

IFCCI, MIDC sign agreement to encourage investments in Maharashtra

Mumbai, (Maharashtra), [India]: The Indo-French Chamber of Commerce and Industry (IFCCI) signed an MoU with the Maharashtra Industrial Development Corporation (MIDC) to facilitation investments from France into Maharashtra.The agreement was signed at IFCCI’s 44th AGM in the presence of Subhash Desai, Minister of Industries and Mining, Govt. of Maharashtra and Emmanuel Lenain, Ambassador of France to India. Sumeet Anand, Founder of IndSight Growth Partners was re-elected as President for a second term to represent one of India’s most active bilateral trade Chamber, the Indo-French Chamber of Commerce and Industry (IFCCI).His election coincides with a favorable economic context between both countries, with close to 1000 French establishments in India, France is one of India’s top economic partners with over 1000 French firms established in the country generating 350,000 jobs.On this occasion, Payal S Kanwar, Director General, IFCCI said, “We are extremely delighted with Sumeet Anand’s…

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PM Modi holds meeting with Qualcomm CEO in Washington DC amid rumours of huge investments

Washington DC [US]: Prime Minister Narendra Modi on Thursday, on the first day of a three-day US visit, met with Cristiano R Amon, President and Chief executive officer (CEO) of Qualcomm in Washington DC.Qualcomm is a US multinational corporation, which creates semiconductors, software and services related to wireless technology. This is part of series of meeting that Prime Minister Modi will undertake with select heads of corporates that have the potential to invest significantly in India. Aside from Qualcomm head, Prime Minister is slated to meet the leadership of Adobe, Blackstone, General Atomics and First Solar.Prime Minister Modi arrived in Washington on Wednesday for his much-touted US visit. He received a warm welcome from the members of the Indian community at Joint Base Andrews in Washington DC. According to a source, the CEOs that Prime Minister is slated to meet, represent diverse areas from…

National News

India, Georgia to strengthen ties

New Delhi, Jul 10: India and Georgia agreed on Saturday to explore the “great potential” their engagement in trade and investment holds and step up connectivity between the two countries. External Affairs Minister S Jaishankar discussed two-way ties with Prime Minister Irakli Garibashvili and Vice Premier and Foreign Minister David Zalkaliani in Tbilisi in which they noted the positive dynamics of Georgia-India bilateral relations in political, economic, cultural and educational spheres. “I am very confident that my visit, my discussions have helped to chart a more ambitious roadmap for the relationship.” said Jaishankar at a news conference after the talks. “We have very comprehensively discussed our bilateral cooperation and I think there is a lot which we can be satisfied with. There has been significant Indian investment here. There are 8000 Indian students who study in Georgia. There are more than 50000 Indian tourists…